http://prntscr.com/565j8i
analysis for today 11 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 11 / 12 / 2014
OPEN 143.64
HIGH 144.58
LOW 143.56
CLOSED 144.42
The third resistance (R3) 144.58 - ( 144.19 - 143.56 = 0.63 x 2 = 1.25 )= 145.83
The second Resistance (R2) 144.19 + 144.58 - 143.56 = 145.21
First resistance (R1) 144.19 x 2 = 288.37 - 143.56 = 144.81
pivot points 144.58 + 143.56 + 144.42 = 432.56 / 3 = 144.19
Support for the first (S1) 144.19 x 2 = 288.37 - 144.58 = 143.79
Support second (S2) 144.19 - ( 144.58 - 143.56 = 1.02 ) = 143.17
Third Support (S3) 143.56 - ( 144.58 - 144.19 = 0.39 x 2 = 0.79 )= 142.77


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